Oceaneering Intl saw a welcome improvement to its Relative Strength (RS) Rating on Tuesday, rising from 70 to 75.
This exclusive rating from Investor's Business Daily identifies share price movement with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the trailing 52 weeks compares to all the other stocks in our database.
Decades of market research reveals that the best-performing stocks often have an 80 or better RS Rating as they begin their biggest runs. See if Oceaneering Intl can continue to show renewed price strength and clear that threshold.
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Oceaneering Intl is building a consolidation with a 30.45 buy point. See if it can clear the breakout price in heavy trade. It's a later-stage pattern, and investors should be aware that those involve more risk.
The company showed -5% EPS growth last quarter. Sales increased 7%.
The company holds the No. 2 rank among its peers in the Oil & Gas-Field Services industry group. Oceaneering Intl is the top-ranked stock within the group.
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